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XPEL Establishes Relationship With Ascari Cars

200 Miles Per Hour KZ1 Carbon Fiber Super Car; Named After First-Ever Double World Champion Formula One Winner

SAN ANTONIO, TEXAS--(CCNMatthews - Aug. 10, 2006) - XPEL Technologies Corp. (TSX VENTURE:DAP.U) announced today that through its U.K.-based distributor Paintshield Ltd., it has established a relationship with OEM Ascari Cars. Ascari will be offering XPEL products as a factory authorized accessory for protecting vehicle paint and headlamps on their world-class super cars, which are built in Banbury. The Ascari KZ1 is a full carbon fiber composite vehicle, powered by a normally aspirated, 500 bhp 5-litre V8 power plant, capable of 200 miles per hour top speed, and a zero to sixty dash in 3.6 seconds.

Paintshield Ltd.'s Managing Director Tom Wakeford stated, "We are extremely proud that Ascari Cars have chosen the exceptional quality of XPEL products to assist Ascari owners in keeping their vehicles in pristine condition. We view the Ascari relationship as a major vote of confidence by one of the top worldwide constructors of automotive quality. We know that Ascari owners will be thrilled with the paint and headlight protection that the XPEL products will provide them on these truly exceptional vehicles."

The History of Ascari is rooted in motor racing heritage; Inspired and named after Alberto Ascari (1918 - 1955) who was the first double world Formula One champion. Born in Milan, Italy, Alberto had racing in his blood, as his father Antonio Ascari was a talented Grand Prix racing driver in the 1920's racing in Alfa Romeos.

Ascari Cars was established in Dorset, England in 1995. A dedicated team of race professionals set out to develop their first limited-edition super car, the Ascari Ecosse, which was launched in 1998. In 2000 Ascari built a new facility in Banbury, to develop their second car, the Ascari KZ1, and to house Team Ascari's racing assets. For the first time the road-and-race side of the Ascari group came together in one place under one roof.

To complete the Ascari experience, in 2000 Ascari began to develop the first Race Resort in the world. Situated in a beautiful secluded valley in the south of Spain, visitors can experience a totally new concept, where both high-speed adrenalin and luxurious relaxation are on offer at a modern race circuit.

XPEL Technologies Corp. (www.xpel.com), publicly traded on the TSXV Exchange, is the worldwide leader in the electronic delivery of top automotive aftermarket products, utilizing the Internet as an integral component for its design, manufacturing, distribution and customer relationship strategies. The Company's DAP software utility offers Dealers the industry's most efficient and productive tool set for better serving customers with "best of breed" solutions in real-time. XPEL has clear advantages over the competition through its proprietary corporate framework consisting of an expansive library of installation-friendly window tint, paint and headlight protection products, coupled with a unique web-enabled remote manufacturing and distribution software, superior installation training curriculum and facilities, and established and growing sales distribution channels.

CUSIP: U98409102

The TSXV has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.